Futures Cotton Daily Chart & Trading Levels 11.30.2018 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Futures Cotton Daily Chart & Trading Levels 11.30.2018


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Dear Traders,

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Tomorrow is the last trading day for November.
I have noticed that markets will at times have big moves or higher volatility on the last and first trading days of the month. Just sharing….
Take a look at the support and resistance levels below and you will notice that gold front month is now February.
Bonds front month is March.
Most of the grains are either Jan or March.
On a different note, take a look at some of the automated systems we have to offer here at Cannon Trading:
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Cotton Daily chart below. Need to see a break above 79.40 for clues this market may be turning the corner, otherwise new lows will prevail.
Would you like access to trading ALGOS that try to identify market turning points? click here

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.


Futures Trading Levels



Economic Reports, source: 



Date 4:10pm Currency Impact Detail Actual Forecast Previous Graph
FriNov 30 Day 1 All
G20 Meetings
2:00am EUR
German Import Prices m/m
0.4% 0.4%
German Retail Sales m/m
0.4% 0.1%
Nationwide HPI m/m
0.1% 0.0%
2:45am EUR
French Prelim CPI m/m
-0.2% 0.1%
4:00am EUR
Italian Monthly Unemployment Rate
10.1% 10.1%
5:00am EUR
CPI Flash Estimate y/y
2.1% 2.2%
Core CPI Flash Estimate y/y
1.1% 1.1%
Italian Prelim CPI m/m
-0.3% 0.0%
Unemployment Rate
8.0% 8.1%
9:00am USD
FOMC Member Williams Speaks
9:45am USD
Chicago PMI
58.6 58.4

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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